CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

📉US100 drops to 13,000 pts❗

13:12 23 February 2021

US100 declines 1.4% and tests major support

Global equity markets are trading lower today, being pressured by poor performance of tech stocks. Tech US100 is the worst performing US index as it drops 1.4% while small-cap US2000 declines 1.1%.

Later in the day, investors' attention will focus on Federal Reserve Chairman Jerome Powell's congressional testimony on the Semiannual Monetary Report (3:00 pm GMT). Central banker is likely to be questioned about his opinion on fiscal stimulus but markets will look out for comments on recent increase in US yields.

US100 needs to finish today's D1 candlestick above the lower limit of the Overbalance structure, otherwise the declines could deepen towards support at 12,465 pts. Source: xStation5

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